December 6th, 2019 - Issue #991
In This Issue
1. Day-Trading Alerts via Text Directly to Your Phone FREE TRIAL ($249 value)
2. Hot Market Report: Silver Futures Increased Volatility + Opportunities & Risk
3. Economic Calendar
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1. Day- Trading Alerts via Text Directly to Your Phone FREE TRIAL ($249 value)
3 Weeks FREE TRIAL
The real time trade alerts FREE 3-week trial uses a combination of proprietary information technical studies, trading ALGOS and a few popular indicators for confirmation.
You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
Text alerts available to US and Canada residents. Int'l clients will receive the alerts via email.
Real-time trade signals via text available for the following markets:* Gold, silver, copper, platinum
* mini SP, mini Nasdaq, mini Dow, mini Russell
* Major currenciey pairs
* Wheat, Beans, Soymeal, Bean oil
* Crude oil, RBOB, Heating oil, Natural gas
* 30 year Bonds and 10 year Notes
* Hogs, Cattle
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Real Time Text Alerts
Cannon Trading respects your privacy and will never give this information to a 3rd party.
2. Hot Market Report: Silver Futures Increased Volatility + Opportunities & Risk
By Matt Kang, Senior BrokerClick on image below to enlarge
Silver slumped on Friday(12/06/19) as participants cut down their bets taking weak cues from international market.
We analyzed the fall in silver prices in futures trade was largely in line with a weak trend in precious metals such as gold and silver in global markets.
Weekly chart of silver Futures for your review from this morning ( December 6th, 2019).
Silver is "usually" volatile enough and liquid enough to be suitable for both day trading and swing trading as well as some interesting options and options spreads.
To access a free trial to the ALGOS shown in the chart visit and sign up for a free trial for 21 days with real-time data.
SILVER Futures Specs
Hours: 05:00 PM previous day to 4:00 PM Central Time
Margins: $5700 initial, $5200 Maint. ( as of the date of this newsletter)
Point Value: full point = $5000 ( Example: 16.80 to 17.80 ). Min fluctuation is 0.05 = $25 ( Example: 16.800 to 16.805)
Settlement: Physical Delivery
Months: January, March, May, July, September,December. F,H,K,N,U,Z
Weekly Options:YES
Some of the basic fundamentals to keep in mind when you are considering trading the Silver for this matter:
1. Research supply side in major silver producing countries like Mexico, China, and Peru.
2. Follow both the industrial demand and investment demand for silver
3. Focus in macroeconomics not microeconomics
4. Correlation to gold
5. Correlation to US Dollar prices
6. Inflationary prospects
7. Geopolitical Stability
8. U.S. Fiscal and Monetary Stability
Our brokers here at Cannon will be happy to chat about the silver market, other metals, other futures, options, futures spreads and much more!
Feel free to contact us at any time.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 12/06 Fri |
7:30 AM CST - Nonfarm Payrolls(Nov)
7:30 AM CST - Ave Workweek & Hourly Earnings(Nov) 7:30 AM CST - Unemployment Rate(Nov) 9:00 AM CST - Univ of Mich Consumer Sent-Prelim(Dec) 9:00 AM CST - Wholesale Inventories(Oct) 2:00 PM CST - Consumer Credit(Oct) |
LT: Dec Cotton(NYM)
Dec Canadian Dollar Options(CME) Dec Currencies Options(CME) Dec Mx Peso Options(CME) Dec US Dollar Index Options(ICE) Dec Live Cattle Options(CME) Jan Cocoa Options(ICE) |
| 12/09 Mon |
|
FN: Dec Live Cattle(CME)
LT: Jan Sugar-16(ICE) |
| 12/10 Tue |
7:30 AM CST - Productivity-Rev(Q3)
7:30 AM CST - Unit Labor Costs-Rev(Q3) 11:00 AM CST - WASDE Report & Crop Production 3:30 PM CST - API Energy Stocks |
FN: Jan Sugar-16(ICE)
|
| 12/11 Wed |
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Core CPI & CPI(Nov) 9:30 AM CST - EIA Petroleum Status Report 1:00 PM CST - FOMC Rate Decision(Dec) 1:00 PM CST - Treasury Budget(Nov) 2:00 PM CST - Dairy Products Sales |
|
| 12/12 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Core PPI & PPI(Nov) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
LT: Dec Nikkei(CME)
Dec Nikkei Options(CME) |
| 12/13 Fri |
7:30 AM CST - Export(ex-ag) & Import(ex-oil) Prices(Nov)
7:30 AM CST - Retail Sales(Nov) 7:30 AM CST - Retail Sales Ex-Auto(Nov) 9:00 AM CST - Business Inventories(Oct) |
LT: Dec Wheat(CBT)
Dec Corn(CBT) Dec Oats(CBT) Dec Soymeal,Soyoil(CBT) Dec Cocoa(ICE) Dec Lean Hogs(CME) Dec Lean Hogs Options(CME) Jan Coffee Options(ICE) |
| 12/16 Mon |
7:30 AM CST - Empire Manufacturing(Dec)
11:00 AM CST - NOPA Crush 3:00 PM CST - Net Long-Term TIC Flows(Oct) |
LT: Dec Currencies(CME)
Dec Eurodollar(CME) Dec Mx Peso(CME) Dec US Dollar Index(ICE) Dec Eurodollar Options(CME) Dec US Dollar Options(ICE) Jan Crude Lt Options(NYM) Jan Sugar-11 Options(ICE) |
| 12/17 Tue |
7:30 AM CST - Housing Start & Building Permits(Nov)
8:15 AM CST - Industrial Prod & Capacity Util(Nov) 3:30 PM CST - API Energy Stocks |
LT: Dec Canadian Dollar(CME)
|
| 12/18 Wed |
6:00 AM CST - MBA Mortgage Index
9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
LT: Dec Coffee(ICE)
Jan Platinum & Palladium Options(NYM) |
| 12/19 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Intial Claims-Weekly 7:30 AM CST - Current Account Balance(Q3) 7:30 AM CST - Philadelphia Fed Index(Dec) 9:00 AM CST - Existing Home Sales(Nov) 9:00 AM CST - Leading Indicators(Nov) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
LT: Dec 10 Year Notes(CBT)
Dec Bonds(CBT) Dec S&P 500(CME) Jan Crude Lt(NYM) Dec S&P 500 Options(CME) |
| FN=First Notice, OE=Option Expiration, LT=Last Trade | ||
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
